Indianapolis, IN Commercial Real Estate for Lease and Sale

Explore 862 listings of Indianapolis commercial real estate to find the best space for your business.

Castle Creek II

8606 Allisonville Rd, Castleton, Indianapolis, IN
Property

Office

63,000 SF
Availability

7 Spaces

14,443 SF
Year Built

1981
For Lease

$19.00/SF/YR
View Details (opens in new window)
Castleton Park - Building 40

6081 East 82nd Street, Castleton, Indianapolis, IN
Property

Office

88,139 SF
Availability

7 Spaces

49,767 SF
Year Built

1983
For Lease Contact for pricing
View Details (opens in new window)
62nd & Keystone

2113 E 62nd St, Broad Ripple, Indianapolis, IN
Property

Retail

2,445 SF
Availability

1 Space

2,445 SF
Year Built

2007
For Lease

$34.00/SF/YR
View Details (opens in new window)
1430 S High School Rd, Indianapolis

1430 South High School Road, Lookout Gardens, Indianapolis, IN
Property

Industrial

4,000 SF
For Sale

Best Offer
View Details (opens in new window)
What type of listing property are you looking for?

Office Coworking Retail Industrial

Office Retail Industrial Land
Plug 'n Play Opportunity

6510 Telecom Dr, Speights, Indianapolis, IN
Property

Office
Availability

1 Space

6,264 SF
For Lease Contact for pricing
View Details (opens in new window)
16th Street Commercial Park - 1645 Industry Dr

1645 Industry Dr, Windsor Village, Indianapolis, IN
Property

Industrial

25,380 SF
For Sale Contact for pricing
View Details (opens in new window)
Castleton Park - Buildings 16 & 48

8041 Knue Road, Castleton, Indianapolis, IN
Property

Office

50,485 SF
Availability

2 Spaces

36,217 SF
Year Built

1978
For Lease Contact for pricing
View Details (opens in new window)
Park 100 Building 116

7108-7176 Waldemar Dr, Park 100, Indianapolis, IN
Property

Office

35,713 SF
Availability

2 Spaces

4,723 SF
Year Built

1987
For Lease

$11.00/SF/YR
View Details (opens in new window)
1240 Brookville Way

1240 Brookville Way, Glenroy Village, Indianapolis, IN
Property

Industrial

62,308 SF
Availability

2 Spaces

31,500 SF
Year Built

1989
For Lease Contact for pricing
View Details (opens in new window)
±12,540 SF with Outdoor Storage

4380 Sellers St, Allen and Sellers, Lawrence, IN
Property

Industrial
Availability

1 Space

12,540 SF
For Lease Contact for pricing
View Details (opens in new window)
Freestanding Industrial Flex Building

6820 Shore Terrace, The Highlands, Indianapolis, IN
Property

Industrial

3,750 SF
For Sale

$799,000
View Details (opens in new window)
Truck Maintenance Facility

8812 Americana Blvd, Park 100, Indianapolis, IN
Property

Industrial

19,500 SF
For Sale

$3,750,000
View Details (opens in new window)
PetSmart | Brand New 12 Year Lease Extension

5151 E 82nd St, Allisonville, Indianapolis, IN
Property

Other

26,290 SF
For Sale

$7,836,000
View Details (opens in new window)
Self Storage Approved Site for Sale

12147 East 65th Street, Oaklandon, Indianapolis, IN
Property

Industrial
For Sale

$2,000,000
View Details (opens in new window)
Castleton Park - Buildings 7 & 8

6535 East 82nd Street, Castleton, Indianapolis, IN
Property

Office

51,656 SF
Availability

7 Spaces

15,380 SF
Year Built

1972
For Lease Contact for pricing
View Details (opens in new window)
Heavy Industrial Complex

2075 South Belmont Avenue, Belmont, Indianapolis, IN
Property

Industrial
Availability

1 Space

8,150 SF
Year Built

1950
For Lease Contact for pricing
View Details (opens in new window)
BMO Plaza

135 North Pennsylvania Street, North Meridian, Indianapolis, IN
Property

Office

442,000 SF
Availability

18 Spaces

95,368 SF
Year Built

1988
For Lease Contact for pricing
View Details (opens in new window)
10820 e 21ST St, Other, IN 46229

10820 E 21st St, Heather Hills, Other, IN
Property

Other
For Sale

$149,900
View Details (opens in new window)
10609 Park Avenue

10609 Park Avenue, College Heights, Carmel, IN
Property

Office

4,000 SF
Availability

1 Space

4,000 SF
For Lease

$19.50/SF/YR
View Details (opens in new window)
11720 Fox Road

11720 Fox Road, Feather Cove, Indianapolis, IN
Property

Office

1,600 SF
Availability

1 Space

1,600 SF
Year Built

1988
For Lease Contact for pricing
View Details (opens in new window)
Outdoor Storage with Interstate Visibility

4900 Robison Rd, College Park, Indianapolis, IN
Property

Other
Availability

1 Space

6 Acre
For Lease Contact for pricing
View Details (opens in new window)
3250 N Post Road Bldg 300

3250 N Post Road Bldg 300, Franklin Heights, Indianapolis, IN
Property

Industrial

86,126 SF
Availability

4 Spaces

172,252 SF
Year Built

1987
For Lease Contact for pricing
View Details (opens in new window)
Castleton Park - Building 46

8125 Knue Road, Castleton, Indianapolis, IN
Property

Office

53,566 SF
Availability

2 Spaces

51,349 SF
Year Built

1982
For Lease Contact for pricing
View Details (opens in new window)
Corporate Center North - Building 4

6026-6036 Lakeside Blvd, Quail Ridge, Indianapolis, IN
Property

Industrial

88,874 SF
Availability

1 Space

31,654 SF
Year Built

1985
For Lease

$9.50/SF/YR
View Details (opens in new window)
Castleton Park - Buildings 22, 23 & 41

6410 Castleway West Drive, Castleton, Indianapolis, IN
Property

Office

52,022 SF
Availability

1 Space

6,068 SF
Year Built

1979
For Lease Contact for pricing
View Details (opens in new window)
57,890 SF Available for Sublease

1820 Stout Field E Dr, Drexel Gardens, Indianapolis, IN
Property

Industrial
Availability

1 Space

57,890 SF
For Lease Contact for pricing
View Details (opens in new window)
7337 West Washington Street

7337 West Washington Street, Washington Industrial Park, Indianapolis, IN
Property

Flex Space

72,347 SF
Availability

1 Space

67,082 SF
Year Built

1995
For Lease Contact for pricing
View Details (opens in new window)
Park 100 Building 100

8260-8266 Zionsville Rd, Park 100, Indianapolis, IN
Property

Industrial

117,500 SF
Availability

1 Space

32,900 SF
Year Built

1995
For Lease

$7.55/SF/YR
View Details (opens in new window)
Park Fletcher Bldg 11

2040 S Lynhurst Dr, Drexel Gardens, Indianapolis, IN
Property

Industrial

92,000 SF
Availability

1 Space

10,667 SF
Year Built

1977
For Lease

$5.20/SF/YR
View Details (opens in new window)
Glendale Medical Plaza

2620 Kessler Blvd East Drive, Glendale, Indianapolis, IN
Property

Office

42,573 SF
Availability

4 Spaces

10,418 SF
Year Built

1993
For Lease

$20.50/SF/YR
View Details (opens in new window)
Historic Circle Tower

55 Monument Circle, Wholesale District, Indianapolis, IN
Property

Office

137,927 SF
Availability

17 Spaces

57,459 SF
Year Built

1930
For Lease Contact for pricing
View Details (opens in new window)
1145 Shelby St.

1145 Shelby St., Fountain Square, Indianapolis, IN
Property

Retail

2,740 SF
For Sale Contact Broker
View Details (opens in new window)
The Inland Building

156 E. Market, North Meridian, Indianapolis, IN
Property

Office

34,020 SF
Availability

2 Spaces

3,650 SF
For Lease

$18.50/SF/YR
View Details (opens in new window)
5501-5599 West 74th Street

5501 West 74th Street, Park 100, Indianapolis, IN
Property

Office

73,274 SF
Availability

2 Spaces

45,982 SF
Year Built

1990
For Lease Contact for pricing
View Details (opens in new window)
Naab Road Medical Center - 8220 & 8260 Naab Road

8220 Naab Road, Westchester Estates, Indianapolis, IN
Property

Office

56,173 SF
Availability

2 Spaces

13,262 SF
Year Built

1978
For Lease

$23.00/SF/YR
View Details (opens in new window)
Lockerbie Marketplace - Building 333

333 North Alabama Street, Chatham Arch and Mass Avenue, Indianapolis, IN
Property

Office

101,070 SF
Availability

1 Space

17,719 SF
Year Built

1929
For Lease Contact for pricing
View Details (opens in new window)
3755 North Washington Boulevard

3755 North Washington Boulevard, Mapleton - Fall Creek, Indianapolis, IN
Property

Office

6,505 SF
For Sale

Subject To Offer
View Details (opens in new window)
8945 N Meridian St

8945 N Meridian St, Pennsylvania Heights, Indianapolis, IN
Property

Office

25,345 SF
Availability

1 Space

5,947 SF
For Lease

$20.00/SF/YR
View Details (opens in new window)
CityWay

229 S Delaware St., Fletcher Place, Indianapolis, IN
Property

Retail

44,000 SF
Availability

3 Spaces

10,945 SF
For Lease Contact for pricing
View Details (opens in new window)
Penn on Parkway - 501 Pennsylvania Pkwy

501 Pennsylvania Pkwy, Northridge, Indianapolis, IN
Property

Office

135,296 SF
Availability

6 Spaces

81,267 SF
Year Built

1988
For Lease Contact for pricing
View Details (opens in new window)
Cold Storage Warehouse for Sale

9125 Burk Road, Woodsong, Indianapolis, IN
Property

Industrial

8,054 SF
For Sale

$2,000,000
View Details (opens in new window)
9245 N Meridian Street

9245 N Meridian Street, College Commons, Indianapolis, IN
Property

Office

60,433 SF
Availability

4 Spaces

15,668 SF
Year Built

1979
For Lease

$19.00/SF/YR
View Details (opens in new window)
Park Fletcher Building 26

2643-2707 Rand Rd, Park Fletcher, Indianapolis, IN
Property

Industrial
Availability

1 Space

6,000 SF
For Lease Contact for pricing
View Details (opens in new window)
Post Park East Building

8825-8989 Boehning Ln, Trinity Manor, Indianapolis, IN
Property

Industrial

46,617 SF
Availability

1 Space

3,085 SF
Year Built

1998
For Lease

$7.25/SF/YR
View Details (opens in new window)
550 N Meridian St

550 N Meridian St, North Meridian, Indianapolis, IN
Property

Office

89,100 SF
Availability

1 Space

59,400 SF
Year Built

1912
For Lease

$14.00/SF/YR
View Details (opens in new window)
The Stutz

1060 North Capitol Avenue, North Meridian, Indianapolis, IN
Property

Retail

440,000 SF
Availability

3 Spaces

28,055 SF
Year Built

1912
For Lease Contact for pricing
View Details (opens in new window)
1200 Madison Ave

1200 Madison Ave, Old Southside, Indianapolis, IN
Property

Office

139,348 SF
Availability

4 Spaces

43,046 SF
Year Built

1924
For Lease Contact for pricing
View Details (opens in new window)
Two River Crossing

3925 River Crossing Pkwy, Keystone at The Crossing, Indianapolis, IN
Property

Office

83,788 SF
Availability

1 Space

5,053 SF
Year Built

2001
For Lease Contact for pricing
View Details (opens in new window)
Woodland Corporate Park - Building IV

7820 Innovation Blvd, Park 100, Indianapolis, IN
Property

Office

91,067 SF
Availability

5 Spaces

48,148 SF
Year Built

2000
For Lease

$19.00/SF/YR
View Details (opens in new window)
Executive Office Suites on Emerging West Side

8355 Rockville Road, Spring Valley, Indianapolis, IN
Property

Office

33,800 SF
Availability

2 Spaces

1,579 SF
For Lease Contact for pricing
View Details (opens in new window)
251 East Ohio Street

251 East Ohio Street, North Meridian, Indianapolis, IN
Property

Office

213,752 SF
Availability

13 Spaces

97,849 SF
Year Built

1984
For Lease Contact for pricing
View Details (opens in new window)
865 N German Church Rd

865 N German Church Rd, Cumberland, Indianapolis, IN
Property

VacantLand
For Sale

$229,000
View Details (opens in new window)

Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Indianapolis commercial real estate market incorporates 25,185,534 square feet of office space across 355 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis. In Indianapolis, the coworking segment of the commercial real estate market incorporates about 2,395 square feet.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Indianapolis commercial real estate market includes 19,749,756 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Indianapolis market, there is a total of 16,596,459 square feet of industrial property.

The listing inventory in Indianapolis incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Indianapolis is represented by Industrial space, which accounts for 13,594,464 square feet of available listings. Office space available in Indianapolis adds up to 7,766,239 square feet.

Meanwhile, most of the listings of commercial property for sale in Indianapolis are in the Office category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Indianapolis is $19.76 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Indianapolis can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset. What’s more, each commercial property type makes its own rent market: while the average rent for office space rested at $20.84 per square foot, industrial space in Indianapolis saw average rents of $6.32 per square foot.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Indianapolis, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Indianapolis is in the North Meridian neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the North Meridian area.

Meanwhile, retail space opportunities are most abundant in the Castleton submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Park 100.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $58 per square foot. In particular, the property type commanding the highest lease rates in Indianapolis was Retail space.

Conversely, the highest sale price last year was $18,000,000 that is located at 8711 River Crossing Blvd.

The average size of a commercial property in Indianapolis depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Indianapolis, the average size of an office property is 89,949 square feet.
Retail properties here incorporate an average of 147,387 square feet.
Industrial space in Indianapolis is in buildings that are, on average 141,851 square feet in size.

Indianapolis, IN Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Indianapolis currently add up to 27,179,991 square feet. The market offers 290 active office listing(s), which amount to 7,631,771 square feet and account for 46% of commercial spaces on the market. Local retail availability includes 1,899,054 square feet across 124 retail space(s). Industrial space for rent opportunities in Indianapolis amount to 12,742,487 square feet across a total of 175 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	290	7,631,771
Retail	124	1,899,054
Industrial	175	12,742,487
Other	39	4,906,680

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Indianapolis, IN. Currently, there is 19,344,418 square feet of commercial property for sale here , which includes 59 office building(s) for sale , 27 retail investment opportunity listing(s) , and 35 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	59	2,062,736
Retail	27	10,620,888
Industrial	35	1,642,104
Other	56	5,018,691

Indianapolis, IN Commercial Real Estate Market Overview

The statistical metropolitan area that has grown from and around Indianapolis is home to more than 2 million residents. Although frequently overlooked in rankings of the country’s strongest labor markets due to its traditionally more modest growth rates, Indianapolis stands as one of the most important economic engines in the midwestern region. Top sectors of the city’s diverse economy include finance; insurance; manufacturing; professional and business services; and healthcare.

Following the decline in heavy manufacturing at the close of the great Industrial Age, services replaced manufacturing as the largest sector of the local economy. In particular, biological sciences became a main focus of development efforts. Indianapolis commercial real estate caters to a diverse mix of industries and is home to leading producers of pharmaceuticals, musical instruments, electrical products and mobile phones. Real estate, insurance and financial services are the main drivers of the services sector, followed by professional and technical services.

Indianapolis, IN Commercial Real Estate for Lease and Sale

What type of listing property are you looking for?

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Indianapolis, IN?

What factors affect the price of commercial real estate in Indianapolis, IN?

What is the average rent for commercial space in Indianapolis, IN?

What are the best areas for commercial real estate in Indianapolis, IN?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Indianapolis, IN?

Indianapolis, IN Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

Indianapolis, IN Commercial Real Estate Market Overview

Other Popular Searches

Popular Coworking Searches

Popular Office Searches

Popular Retail Searches

Popular Industrial Searches

About us